Flipping America 337, Michael Green
b'
If you\\u2019re a regular listener to this show you know that I often ask my show guests what they really wanted to be when they grew up. My point behind this is to demonstrate that life doesn\\u2019t always turn out like we planned, but people have often found a nice \\u201cPlan B\\u201d in the realm of real estate. Today\\u2019s guest, Michael Green, saw a lite-nite infomercial with Carlton Sheets when he was thirteen years old and since that time, has wanted to be a real estate investor. He had some life detours - some BIG ones as you\\u2019re going to hear in a few minutes. But he stayed with that dream and today he is one of the more prolific and successful real estate investors in America.\\xa0
Now for the next part: Michael is in a tough area to do this business - Baltimore, MD. There are a lot of investors and it\\u2019s either high price points or massive rehab budgets on mostly unsalvageable properties. At least that\\u2019s the reputation. But Michael is living proof that in spite of personal circumstances, in the face of a very competitive marketplace, and against big odds, perseverance will win the day. His story is coming up in a few minutes.\\xa0
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
Facebook.com/flippingamericamedia
Twitter and Instagram @FlippingAmerica
Call our National Comment Line: 877-55-ROGER (76437)\\xa0 \\xa0 ext 1. Leave your message or your question.\\xa0
Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\\u2019t mind.\\xa0
Sponsors
American IRA: www.americanIRA.com
Civic Financial: bit.ly/CivicFunding
Real Estate Investing QuickStart
Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.\\xa0\\xa0
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.\\xa0
- \\u201cReal Estate Investing Quick Start\\u201d Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News:\\xa0
- Best Places inthe world to invest https://financesonline.com/real-estate-trends/
- In the category called \\u201cthat\\u2019s a stretch\\u201d https://www.cnbc.com/2020/02/12/mini-mortgage-refinance-boom-continues-as-coronavirus-keeps-rates-low.html
- Stay in style with today\\u2019s tile. https://realestate.usnews.com/real-estate/slideshows/tile-trends-for-your-home-in-2020
- Remember - blame the dog! https://realestate.usnews.com/real-estate/articles/whats-that-smell-in-my-house
- The 2019 top FinTech companies, according to Forbes: https://www.housingwire.com/articles/forbes-names-most-innovative-fintech-companies-in-housing/
- It may be deceptive, but it\\u2019s not going to stop. https://www.housingwire.com/articles/opendoor-and-redfin-expand-homebuying-partnership-to-nine-new-cities/
Topic: Flip Factor, with Michael Green
Your Questions: Send emails to questions@rogerblankenship.com
- Alison, \\u201cI own a few pizza franchises, so I know a few things about business and property leasing. I\\u2019m looking at buying some turn-key rentals vs. dropping some money into an apartment deal. A friend of mine is raising the money. The money looks better on the apartment deal, way better,\\xa0 but this would be my friend\\u2019s first apartment project. I\\u2019m not necessarily trusting his numbers to be realistic. Can you offer some guidance as to what to look for?
-
- Rent rolls and leases
- P&L from last year - all expenses.\\xa0
- Repair estimates.\\xa0
- Think \\u201cactual income\\u201d not \\u201cpotential income\\u201d
Comment Line calls and Questions
Call 404-369-1018, press 1 and leave your message!\\xa0